Question
als Casting for a Fumiture Company Pull Up a Chair Company manufactures furniture. The company uses a job order cost system. Balances on August
als Casting for a Fumiture Company Pull Up a Chair Company manufactures furniture. The company uses a job order cost system. Balances on August 1 from the materials ledger are as follows: Fabric Polyester filling Lumber Glue $26,000 8,000 60,000 2,600 The materials purchased during August are summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue $135,300 180,100 370,700 12,900 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 205 $50,100 $63,100 $168,800 $282,000 Job 206 30,600 68,600 147,000 255,000 Job 207 35,600 46,600 02,200 164,400 Factory overhead-indirect materials $6,500 6,500 Total $124,300 $178,300 $398,800 $6,500 $707,900 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Determine the total purchase of materials in August Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 205 Job 206 $50,100 $63,100 $168,800 $282,000 38,600 68,600 147,800 255,000 Job 207 35,600 46,600 82,200 164,400 Factory overhead-indirect materials $6,500 6,500 Total $124,300 $178,300 $398,800 $6,500-$707,900 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Determine the total purchase of materials in August. b. Determine the amounts of materials transferred to Work in Process and Factory Overhead during August. Materials transferred to Work in Process Materials transferred to Factory Overhead c. Determine the August 31 balances that would be shop in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, August 31 0000
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